For years, business owners in Littleton, CO have learned the benefits of combining all of their insurance policies into a collective, umbrella policy that offers additional coverage over that of a regular policy. The agents of Front Range Insurance Services can help you evaluate your company’s needs and determine what type of policies you should have to fully protect your financial interests. They can also discuss with you the benefits of having an umbrella policy.
The Purpose of An Umbrella Policy
An umbrella policy is a term that is used to describe an insurance policy that provides additional coverage over and above what you may already have in place. Lawsuits, damages, and other types of liability may exhaust the level of coverage you have in place, but with an umbrella policy, the amount that exceeds past the original liability will be covered.
The Benefits of One Policy Instead of Many
Rolling all of your insurance policies into one collective policy is sometimes referred to as bundling. When you bundle several policies together, many companies offer a discounted rate and higher levels of coverage. You can choose the types of coverage you want for your business and group them altogether resulting in a single, more affordable payment. If an umbrella policy is written, the amounts of your liability coverage will also be increased.
Lawsuits, personal injury claims, worker’s compensation, and other types of liability can be devastating for a business. In Littleton, CO, business owners are encouraged to call and schedule a review of their commercial policy to determine if an umbrella policy may offer a higher degree of protection. Visit their website or call the office today!